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Samsung's profit reveals a sharp drop in profits at the end of 2018



The Korean conglomerate has found that the fourth quarter 2018 reported a profit of $ 59.27 trillion ($ 53.4 billion) in quarterly earnings, which is 10% less than in the previous year. Its 10.8 trillion Korean victories ($ 9.7 billion) quarterly operating profit has also fallen by 29 percent compared to the same period in 2017.

Samsung said its memory business (NAND and DRAM) suffered from "macroeconomic uncertainty and stock levels adjustments" for customers that include data center companies and smartphones. The breakdown was probably due to the slowdown in global sales of smartphones, which also had a significant impact on Apple's earnings from October to December last year. In fact, the company hopes that the slow sales of smartphones will also affect the mobile display business in the first quarter of 2019.

Mobile Division earnings declined quarter-on-quarter due to slow market, and Samsung does not believe it will change soon. It says that demand for smartphones and desks has fallen further in the first quarter of 2019 due to seasonal decline, although it expects Galaxy S10 to be unveiled in the coming month and its upcoming guiding guidelines will boost sales in the coming months.

The technology giant believes that the problems that led to the sharp decline in the fourth quarter of 2018 will remain, and warned against the worse income in 2019, as the demand for memory chips was weaker. However, its poor performance in the fourth quarter of 2018 did not affect its figures for the entire financial year: its revenues were 243.77 trillion ($ 220 billion) and 58.89 trillion ($ 53 billion) earnings throughout 2018. , making it for the second year in a row, when the company was able to record record financial results.


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